CBC budget cut

Published on September 27, 1995.

Canadian Broadcasting Corp. President Perrin Beatty says programs will undoubtedly be chopped as CBC comes to terms with having $175 million cut from its $1 billion budget by the federal government. While some of the cuts will come from support services, most will be taken from CBC's TV services and radio services. As many as 2,500 of CBC TV's 9,000 full-time jobs are likely to be sacrificed, Mr. Beatty said. The story is the same at Alliance Communications Corp., Canada's largest movie and TV production company. Cuts in direct government funding for productions that meet Canadian content rules means that fewer Canadian shows will be made, says Robert Lantos, Alliance's chairman-CEO. The federal government is also terminating a tax shelter that encouraged individuals and companies to invest in film-making.